Court Rules Input Tax Credit Denied for Fertilizers, Chemicals, and Pesticides in Agriculture u/s 2(6) Definition of 'Business'.

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....Denial of input tax credit - the word ‘business’ as occur in Sub-section (6) of Section 2 is independent and therefore, input tax credit on the purchases such as fertilizers, chemicals, pesticides etc. used in agricultural/horticultural activity cannot be granted. - HC....